On April 17, blockchain investigator Lookonchain revealed a large transfer of USDT to Binance by Tron Founder Justin Sun. This move follows a pattern of USDT deposits to Binance and ongoing Ether acquisitions by Sun. Justin Sun Continues Whale Deposits of Tether’s USDT Lookonchain’s post on X detailed the transfer of $196 million worth of...
Emerging stablecoin Ethena (USDe) poses unique risks for holders compared to other dollar-denominated tokens, argued CryptoQuant in a new report on the matter. The Unique Risks Of Ethena (USDe) Boasting a market cap of over $2.3 billion today, Ethena emerged in late February and quickly became the fastest-growing stablecoin in history. One of its most...
The U.S. government has offered up to $6.4 billion funding to Samsung Electronics Co Ltd. to build semiconductor manufacturing and research and development facilities in Texas. This will add to South Korean tech major\'s proposed investment of over $40 billion in the state to build a cluster of semiconductor factories in the coming years aiming...
Asian stocks tumbled on Tuesday while bond yields surged, and the dollar climbed to more than five-month highs as Middle East tensions persisted and signs of resilient consumer demand in the U.S. meant the Federal Reserve could delay interest rate cuts this year. Citing a strong economy and labor market alongside lingering inflation, San Francisco...
German stocks traded sharply lower on Tuesday as investors fretted about higher interest rates and waited for Israel\'s response to Iran\'s unprecedented attack. Meanwhile, Germany\'s wholesale prices continued to decline in March, and at a steady pace, data from Destatis showed earlier today. Wholesale prices dropped 3.0 percent on a yearly basis, the same as...
The British pound rebounded from recent lows against other major currencies in the European session on Tuesday. The pound rose to 1.2450 against the U.S. dollar and 1.1371 against the Swiss franc, from a recent 5-month low of 1.2409 and a 4-day low of 1.1336, respectively. Against the yen and the euro, the pound edged...
The increase in the UK unemployment rate and the marginal slowdown in wage growth in the three months to February suggest an easing of pressure in the labor market. The ILO jobless rate rose to 4.2 percent from 3.9 percent in three months to January, the Office for National Statistics reported Tuesday. The rate was...
A report released by the Federal Reserve on Tuesday showed industrial production in the U.S. increased in line with economist estimates in the month of March. The Fed said industrial production climbed by 0.4 percent in March, matching the upwardly revised advance in February. Economists had expected industrial production to rise by 0.4 percent compared...
Chinese internet company Baidu Inc.\'s artificial intelligence or AI chatbot Ernie Bot has secured more than 200 million users, reports said citing CEO Robin Li. Ernie Bot, China\'s most popular ChatGPT-like chatbot, was released to the public in August last year. In December, the company had said that Ernie Bot\'s users reached over 100 million....
After reporting a substantial rebound in new residential construction in the U.S. in the previous month, the Commerce Department released a report on Tuesday showing housing starts pulled back by much more than expected in the month of March. The Commerce Department said housing starts plummeted by 14.7 percent to an annual rate of 1.321...